2513 Meridian Avenue E, Edgewood, WA 98371

$1,520,000

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Listing Broker: COMPASS; Mike Moghaddas; ; Selling Office: Windermere RE/Lake Tapps, Inc.

Sold Price
$1,520,000
List Price
$1,650,000
Status
SOLD
Closing Date
Jul 10, 2026
MLS#
2471601
Subtype
Land
Style
43 - Comm/Industrial
Lot Size
41,112
Acres
0.94
Subdivision
Edgewood
Neighborhood
Edgewood
MLS Area Major
Edgewood

Property Description

Huge investment opportunity to acquire a fully-entitled, shovel-ready multifamily development located in Edgewood Town Center. This .94-acre lot has approved permits & complete architectural/civil plans for a high-demand mixed-use project; 2 buildings offering 39 residential units, 2 retail/office spaces & 54 parking stalls. Designed w/modern living & convenience, the project features a gym/flex space, bike storage, EV chargers & carport parking. Utilities available via renovated street. Rent projections, project valuation, ROM construction estimates, approved architectural/civil, MEP & site development landscaping available. Excellent exposure w/16,000 cars/day. Close to I-5, Hwy 18 & Hwy 167. Robust population & strong growth potential.

Additional Information

Property Description
43 - Comm/Industrial
School District
Puyallup
View
Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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